Count 'em: two IPOs

December 17, 2007
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Itâ??s been awhile since the Indianapolis area has had two initial public offerings in the works at the same time, but thatâ??s exactly what we have. And theyâ??re software firms to boot â?? businesses Indianapolis and other Midwestern cities have struggled to cultivate on a respectable scale.

ExactTarget said late last week it would try to raise $86 million and Aprimo Inc. filed in September to raise $50 million. Both have long been considered strong candidates for the public litmus test.

Now that theyâ??re moving toward IPOs and not sales, what are your expectations? Will we see them spin off other companies, like Software Artistry did several years ago?

And what does this tell you about the business environment here? Is Indianapolis becoming the kind of place where risk-takers are rewarded?

Read the story.
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  • Great news.

    What about raising a multi-billion dollar management buy out fund for Evansville based Mead Johnson that would provide them enough capital to make significant acquisitions and retain their Indiana headquarters instead of selling out to someone like Nestle/Gerber?

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  1. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  2. If you only knew....

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